What was Hari Prasad Siotia's role at PBM Polytex?

Siotia was a Non-Executive, Non-Independent Director who served on the board since 1980. He was not a key managerial person or part of the executive management.

Does his death affect the company's operations or finances?

No. The filing states he held no executive role. His passing does not directly impact PBM Polytex's day-to-day business or financial performance.

Is there a succession plan?

The filing does not mention a succession plan or any immediate appointment to fill the vacant board seat.

Textile - Spinning · Micro cap

PBM Polytex director since 1980, Hari Prasad Siotia, dies

A non-executive board member with no operational role. The nano-cap faces a procedural board vacancy.

— 1 earlier story on PBM Polytex Ltd. →

PBMPOLY By Tipsheet Editorial 8 Jun 2026 · 12:06 PM IST Verify on BSE · NSE

Mkt cap₹39.21 cr

ROE0.00%

Debt / eq.0.00

44 years Siotia's tenure on the PBM Polytex board.

What's new

Hari Prasad Siotia, a Non-Executive, Non-Independent Director at PBM Polytex, has died.
Siotia served on the board since 1980 but was not part of the executive team.
PBM Polytex is a nano-cap textile company with a market cap of ₹39 crore.

Why this matters

The loss is human, not operational. Siotia held no executive authority, so day-to-day management is unaffected. For a ₹39 crore company, filling a board seat filled for 44 years is the next procedural step.

What we're watching

Whether PBM Polytex names a successor to fill the board vacancy.
Any changes to upcoming board meeting agendas.

The full read

PBM Polytex has reported the death of Hari Prasad Siotia. He joined the board in 1980 and served for over four decades. But Siotia was a non-executive director with no operational role. For a ₹39 crore nano-cap, the loss is human. The company faces a board vacancy. It must now find a replacement for a seat filled since its early years. No succession plan is mentioned. Procedurally, it's a disclosure. Operationally, nothing changes.

Questions answered

What was Hari Prasad Siotia's role at PBM Polytex?: Siotia was a Non-Executive, Non-Independent Director who served on the board since 1980. He was not a key managerial person or part of the executive management.
Does his death affect the company's operations or finances?: No. The filing states he held no executive role. His passing does not directly impact PBM Polytex's day-to-day business or financial performance.
Is there a succession plan?: The filing does not mention a succession plan or any immediate appointment to fill the vacant board seat.

Mentioned: Hari Prasad Siotia · PBM Polytex · ₹39 crore market cap

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on PBMPOLY →

8 Jun 2026 · 12:06 PM IST PBM Polytex director since 1980, Hari Prasad Siotia, dies
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